Thursday, 5 January 2012

FEATURE-Khartoum bourse woos foreign funds with electronic trade - Yahoo!

Glancing at stock market prices scribbled in columns on large white boards, Sudanese broker Maha Abdul-Rahim hopes a new electronic trading system will bring more money to the Khartoum Stock Exchange.
The bourse plans to launch a computer-based trading system next week, ending the practice of having brokers write share price offers on boards -- if a deal is reached, a bourse
employee crosses out the numbers and prints out a paper to be signed by buyer and seller.
"The new system will achieve more transparency. You will know the identity of sellers," said Abdul-Rahim, while signing papers after the daily one-hour trading session.

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